Convergence of Income across Pennsylvania Counties

David Latzko ()
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David Latzko: Pennsylvania State University at York

Eastern Economic Journal, 2002, vol. 28, issue 4, 499-508

Abstract: The neoclassical growth model implies that if two economies have the same preferences and technology, the poorer country will tend to grow faster in per capita terms. The relatively homogeneous counties of Pennsylvania provide an excellent test of the model's convergence predictions. There is no evidence of absolute convergence of income levels among Pennsylvania counties. The divergence between the very highest and very lowest income counties is due to changes in relative county wages. I utilize a set of panel data to properly account for individual effects, and find a conditional convergence rate of 2 percent.

Keywords: Wage (search for similar items in EconPapers)
JEL-codes: J31 R23 (search for similar items in EconPapers)
Date: 2002
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Citations: View citations in EconPapers (2)

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